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SBA Business Plan Writing Services In Miami, FL

The SBA loan program, administered by the US Small Business Administration (SBA), is widely regarded as the benchmark for small business financing. A crucial component of the SBA business loan application process is the submission of a comprehensive business plan. Both the SBA and lenders are committed to ensuring the viability of your business before approving loan requests. A well-crafted plan demonstrates the viability of your business and outlines how the loan proceeds will be utilized to foster growth and advancement. If you’re in need of a strong and professional SBA business plan, look no further than Legacy Business Plans. Our experienced team of writers, financial modelers, and market researchers can craft the perfect business plan for you.

What is an SBA Business Plan?

A business plan is a comprehensive document that outlines a company’s concept, structure, strategy, goals, target market, and financial projections. It serves as a roadmap, defining the mission statement and business model, and is essential for prospective investors, financers, and buyers to understand the company’s value.

When it comes to SBA loans, an SBA business plan is often required for approval. The Small Business Administration (SBA) provides guidance on the specific formatting for these plans, which typically adhere to industry best practices. There are three main types of plans to consider:

  • Startup: The plan for a new company about to launch or that just launched.
  • Operational: Usually, a year-over-year plan for established businesses outlines a company’s goals and growth projections.
  • Scenario-based: An agile plan for companies in rapidly changing industries that may need to pivot their focus as they scale up.

Elements Of An Effective SBA Business Plan

When drafting a plan for an SBA loan, it is crucial to incorporate various significant categories. Although primarily applicable to a startup plan, these aspects can also be adapted for an operational or scenario-based plan.

Executive Summary

The executive summary offers a concise yet comprehensive overview of your company. This initial section should encompass your company’s essence and highlight the factors contributing to its success. Be sure to showcase your distinctive edge, unique selling proposition (USP), and mission or vision statement.

Additionally, the summary should provide a sneak peek into the upcoming sections by presenting key information. Briefly outline your leadership team, sales and marketing objectives, and financial projections.

Crafting a well-written executive summary that captures the essence of your company will greatly enhance its impact and appeal. It serves as a powerful tool to entice potential investors and stakeholders, showcasing the value and potential of your business.

Company Description

This section will delve into the essence that sets your company apart. It highlights your competitive advantages and the unique ingredients that contribute to your success. These advantages may encompass having a seasoned expert on your leadership team, occupying an ideal location, or introducing patented technology or intellectual property to the market.

Additionally, it is crucial to articulate the problems your company aims to address. This section may list the specific target segments your company intends to serve, whether they be consumer segments, other businesses, or organizations.

Market Analysis

In this section, we conduct market and competitor research to showcase your target market. We elaborate on your competitors’ operations and successful strategies. Furthermore, this section will demonstrate how you can enhance or differentiate your approach to effectively compete in the market.

Organization and Management

The organization and management section provides an overview of your company’s legal and organizational structure. This includes determining whether the company will incorporate as a general or limited partnership, LLC, S-Corp, or C-Corp, as well as identifying the owners.

In addition, this section includes an organizational chart, illustrating the hierarchy and roles within the company. Typically, there is an executive leadership team and possibly a management team. It may be beneficial to include the resumé or CV of each member of the leadership team. By including these details, you provide a clear picture of your company’s structure and the individuals responsible for its success.

Service or Product Line

This section outlines the products or services you plan to offer, focusing on the market demand and the benefits they will bring to your customers. It also mentions any plans for intellectual property rights, copyrights, or patent filings for your products or services. Additionally, this section contains details about your research and development plans.

Marketing and Sales

The marketing and sales plans should outline your strategy for attracting and retaining customers, as well as how you will handle sales. Across different industries, there are numerous marketing and sales strategies, and as your company grows, your plan may evolve.

In the marketing plan, it is important to include your branding strategy, the marketing channels you will utilize (such as print, TV, social media, banner ads, SEO, etc.), and your target customers. As for your sales strategy, it should cover how you will collect and process payments.

Funding Request

If you are seeking funding for your business, this section becomes crucial. This section clearly states the amount you require, the projected duration of the funds, and how you intend to allocate the money.

On the other hand, a business loan allows you to maintain full ownership of your company while incurring debt. It is important to present a well-crafted funding request that effectively communicates your needs and goals. Luckily, our Miami SBA business plan writer can help you achieve this.

Financial Projections

This section aims to demonstrate the viability and stability of your company, with the goal of persuading the reader that your company is or will be a success.

For established businesses, it is important to include income statements, balance sheets, and cash flow statements from the previous three to five years.

Both start-ups and established businesses should provide a prospective financial outlook for the next five years. New businesses should include quarterly projections for their first year. Future financial plans should encompass projected income statements, cash flow statements, and balance sheets.


The appendix contains any additional relevant information. This section can be used to list any requested details as well. Examples of supporting documents can also be included.

  • Credit histories
  • Resumes or CVs
  • Product pictures
  • Reference letters
  • Business licenses and permits
  • Patents, contracts, or other legal documents

Frequently Asked Questions

What Prevents You From Obtaining a Small Business Loan?

The 8 critical factors that prevent you from obtaining a small business loan include:

  • A bad credit history
  • Insufficient cash flow
  • Lack of business plan
  • A lot of loan applications
  • Disorganization
  • The failure to seek expert advice
  • Long wait times for funding
  • A complex process with endless paperwork

Does The SBA Require A Business Plan?

Whether you need to provide a plan for your loan application depends on the loan you’re seeking and the SBA lender you’re partnering with. In some cases, the SBA may mandate a plan, while in others, it may be the lender’s requirement. Nevertheless, including a plan can enhance your loan application, even when it’s not obligatory.

Do I Need A Traditional Or Lean SBA Business Plan?

When applying for a loan, it is important to include a comprehensive business plan. Both the SBA and SBA lenders have a preference for companies that demonstrate a thorough plan for achieving success. While lean business plans are typically suitable for startups, traditional business plans are suitable for any type of company. However, if you are specifically applying for an SBA microloan for a startup, a lean plan may suffice.

Can My SBA Business Plan Change Over Time?

It is common for plans to change or evolve. Industries, trends, and competitive markets are constantly in flux, necessitating adjustments to your business plan. It is highly advisable to update your business plan annually or whenever significant changes occur, such as product/service upgrades or additions, changes in ownership or executive leadership, relocation, or venturing into new market segments or industries.

What Is A 7(a) Loan?

The 7(a) loan program is the most commonly utilized SBA loan program, providing financial assistance to small businesses. Whether you require funding for purchasing commercial real estate, acquiring a new business, obtaining working capital, refinancing existing business debt, or purchasing equipment, furniture, or supplies, 7(a) loans are the ideal choice. The maximum loan amount available under the 7(a) loan program is $5 million.

What Is A 504 Loan?

The 504-loan program provides long-term, fixed-rate financing for major fixed assets that promote business growth and job creation. 504 Loans are available through Certified Development Companies (CDCs), which are SBA’s community-based partners and are certified and regulated by the SBA.

The maximum loan amount for a 504 loan is $5 million. You can use a 504 loan for the purchase or construction of existing buildings or land, new facilities, long-term machinery and equipment, improvement or modernization of land, streets, utilities, parking lots and landscaping, and existing facilities. 504 loans cannot be used for working capital or inventory, refinancing debt, or real estate investment.

What Is A Microloan?

A Microloan is a smaller size loan of up to $50,000 provided through SBA funding intermediaries. Credit requirements varied depending on each lender. Many lenders required some type of collateral as well as the personal guarantee of the business owner. Microloans can be used for working capital, inventory, supplies, furniture, fixtures, machinery, or equipment. Microloans cannot be used to pay existing debt or purchase real estate.

Contact Our Miami SBA Business Plan Writer Now

A well-crafted business plan is instrumental in defining your company’s mission, products or services, financial objectives, and more. It not only aligns everyone within the organization towards a common goal but also serves as a crucial tool when seeking financing, whether it be from investors, potential buyers, or through a business loan. Fortunately, the SBA provides a preferred plan format that we have thoroughly discussed. Properly preparing your business plan according to the SBA’s guidelines is a pivotal step in submitting a successful SBA loan application. If you require further assistance with business plan formatting or if you’re ready to apply for a small business loan, contact our skilled Miami SBA business plan writer and Legacy Business Plans today.


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Ready to get started with your business plan? We can help. At Legacy Business Plans, we offer a wide array of business plan writing services custom created to satisfy your unique needs. Whether you’re in need of a commercial business plan or an immigration business plan, our skilled business plan writers are available to help you and your business.

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